CO129-286 - Acting Governor Major Gen Black Governor Sir Blake & Public Offices - 1898 [11-12] — Page 606

19000

201

GEGE 27 AUG 33,

>

In the Reply to this Letter the following Number should be quoted.

C

588

TREASURY CHAMBERS,

599

11925

98

26th August 1898

15806/98

Sir,

The Lords Commissioners of Her Majesty's

Treasury have had before Them Mr Lucas's letter of the 21st ultime informing Them of the deposit of $83,334 with the Colonial Treasurer of Hong Kong in respect of the increase of the local Note-issue of the Chartered Bank of India Australia and China.

In reply, I am to request you to inform Mr Secretary Chamberlain that Their Lordships propose to await an application from the Bank before taking action in the direction either of releasing the surplus securi- ties or of making fresh regulations with regard to the class of investments to be made by the Bank as a guarantee

for its Issue .

I am,

The Under Secretary of State

Colonial Office.

Sir,

Your obedient servant,

Hancis Mesratt